Would love some advice on how to do so effectively to give myself the best chance of making money in 3-5 years when I sell. 

It looks like Ben's idea of letting the S Corp pay those health insurance premiums prior to disbursements and salary would be an effective way to get that done pre-tax.Serge, any other ideas?  

I am wondering if the credit crunch on the mortgage side has negatively effected their plans to sell their properties. 

I have never come across this before and I was wondering does the quit claim deed have any effect on the foreclosure?

While it may be not work effectively it certainly can be done.

OR do I try to subordinate my HELOC under the new loan but run the risk that mortgage rates go up by the end of March effectively decreasing my cash flow amount?

Other examples would be private lending for down payments, borrowing from family (not possible for me), doing a owner-occupied investment and saving the rent I would normally have paid for a year and then reinvest (this is my plan as of yet, but it seems that it would take a long time before I accomplished my goals), using a credit card to fund deals (which I will not do), partnering (very skeptical of some others motives since I am new), selling after a year or two (speculating appreciation of course, which is bad news) and various not so friendly ideas.Can anyone shed some light to what ways that I can roll into the next property fast so I can start the snowball effect in the first year?

If they can operate effectively in that area and you do your due diligence, that will help performance of the investment. 

Financing does not add value to real estate, but can to your intrinsic value in an amount equal to your financing alternatives or what other financing would cost.Sounds like it's overpriced.I don't care for condos due to the unknown of HOAs.Is it a FHA approved complex, if not financing will be difficult and he may need to finance to sell it, that means you'll be stuck on refinancing or in your selling too.You also want to know the % ownership of owner occupied as that can effect financing.Your refi options in 5 years may be limited too, you may need 25% equity for a no cash out refi, so check with area lenders as to what they expect to be offering. 5 years is long.Look at the By-Laws of the HOA, they may be able to adopt rules with a 51% vote of owners, what do you do if they say no rentals?

Also, it is now effectively illegal to construct any more MHPs in America.